Taiwan Battery Market Size

Statistics for the 2023 & 2024 Taiwan Battery market size, created by Mordor Intelligence™ Industry Reports. Taiwan Battery size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Taiwan Battery Industry

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Taiwan Battery Market Summary
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Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 0.67 Billion
Market Size (2029) USD 1.30 Billion
CAGR (2024 - 2029) 14.30 %
Market Concentration Low

Major Players

Taiwan Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Taiwan Battery Market Analysis

The Taiwan Battery Market size is estimated at USD 0.67 billion in 2024, and is expected to reach USD 1.30 billion by 2029, growing at a CAGR of 14.30% during the forecast period (2024-2029).

  • Over the medium period, the increasing demand from the EV, consumer electronics, and telecommunication industries is expected to boost the battery market in the country. Moreover, Taiwan's growing renewable energy market is increasing the battery's need for energy storage considerably.
  • On the other hand, there is a demand-supply mismatch for raw materials, which, in turn, is expected to hinder market growth.
  • Nevertheless, the growing technological advancements in the battery segment are expected to create significant market opportunities for the studied market in the near future.

Taiwan Battery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)